ECONOMY Construction needs 5,000 more workers. Who gets to hire them? Dorita Yiannakou The labor shortage in Cyprus’ construction industry is getting worse. Building activity is picking up, new projects are getting underway, and employers are struggling to fill skilled jobs. READ MORE
Company Maspex Romania moves forward to acquire majority control of Cyprus-Based Wine Purcari One of Romanian food industry leader Maspex Romania continues the process of take over for Cyprus-Based Wine Purcari, a ... 11/07/2025 | BUSINESS
Deposit rates fall for households and businesses, while mortgage rates climb Central Bank data shows mixed trends across lending and deposit products in May. Newsroom 10/07/2025 | BUSINESS
Israeli developers to launch €40m high-rise project in Larnaca Israeli-led consortium unveils plans for 19-story luxury tower on Cyprus coastline. Newsroom 09/07/2025 | BUSINESS
New private hospital and medical campus approved for Lakatamia Hadassah Healthcare Park to bring hospital, medical school, biotech offices, and student housing to Nicosia suburb Newsroom 09/07/2025 | BUSINESS
Scammers pose as clients and bank officials to dupe Nicosia businessman out of €14,500 Police warn public to stay vigilant as fraudsters use clever tricks to steal sensitive bank info Newsroom 09/07/2025 | BUSINESS
Cyprus considers electricity bill surcharge to fund €25 million energy project payment Government vows consumers will not bear the cost as EU-backed interconnection project faces delays and scrutiny. Newsroom 08/07/2025 | BUSINESS
‘Pegasus-1’ reveals 350-meter column of natural gas Second major find in Block 10 follows earlier Glaucus discovery by ExxonMobil, QatarEnergy. Newsroom 07/07/2025 | BUSINESS
Cyprus hits highest power use of the year, and it’s still climbing Air conditioners and appliances drive electricity demand to record highs as heatwave grips the island Newsroom 07/07/2025 | BUSINESS
TechIsland launches Legal Community Exclusive for lawyers, legal advisors, and compliance professionals in the tech sector. Press Release 07/07/2025 | BUSINESS
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